Argus analyst John Staszak raised his price target on Estee Lauder to $195 and kept his Buy rating, saying that after a period of "heavy investment", the company is benefiting from "strong demand for high-end beauty products" with about a third of its brands growing revenue at a double-digit rate. The analyst is also positive on Estee Lauder's mix of "retail stores, e-commerce, and 'travel retail' sales at major airports". Staszak notes that the stock price is up 30% year-to-date, but sees potential for continued strong growth based on the "ongoing strength in China and increased investment in its makeup brands in the U.S."